Shares of The TJX Companies (TJX) are trading higher on the session by 0.42%, at $45.87. The stock has been trending higher for the past three months, ticking to fresh all-time highs in the process.
Options traders are betting that shares will make yet another move higher over the next few months. Right after the opening bell, the October $47.50 call was purchased 1,815 times, on the offer, for $0.70-0.75. Given the open interest of 1,686 contracts, we can conclude that this is an opening position. The strike is currently bid $0.70, at $0.75.
Implied and historical volatility is registering just 17% and 15% on TJX. At $0.70-0.75, the October $47.50 calls were purchased at a premium, 20% vol.
The TJX Companies, Inc. is the off-price apparel and home fashions retailer in the United States and worldwide. It has two segments in the United States, Marmaxx (T.J. Maxx and Marshalls) and HomeGoods; one in Canada, TJX Canada (Winners, Marshalls and HomeSense) and one in Europe, TJX Europe (T.K. Maxx and HomeSense).